UKCS Offshore Workforce Demographics Report 2015

The correlation observed until 2012 between the average oil price and the total number of offshore personnel, with a one-year time lag, does not continue. From 2013 to 2014, there was a nine per cent drop in the average oil price per barrel (bbl) and a 3.6 per cent rise in the total offshore workforce. This can be compared with 2013 when there was a 2.7 per cent drop in average oil price alongside an 8.6 per cent increase in offshore workers.

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Figure 4: The Total Number of Personnel Travelling Offshore Versus the Average Oil Price

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